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Mazyrski [523]
3 years ago
11

Ms. Marilynn Castillo is a marketing manager at Gordon Corp. She debates whether or not to conduct a marketing research study be

fore commercializing a product. After a brief analysis, she realizes that conducting the study will cost approximately $100,000. If she launches the product without conducting the study and the product fails, her firm could suffer a loss of $2 million. In this scenario, Marilynn conducts a(n) _____.
Business
1 answer:
Ipatiy [6.2K]3 years ago
3 0

Answer:

The correct answer is letter "B": cost-benefit assessment.

Explanation:

Cost-benefit assessment implies analyzing what the costs and benefits of engaging in business are. The approach aims to minimize losses and maximize benefits. It does not necessarily imply there are not going to be losses during the business cycle but could reduce them as much as possible.

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What is operating leverage, and how does it affect a firm's business risk?a. Show the operating break-even point if a company ha
raketka [301]

Answer:

$10

Explanation:

cause 1f

6 0
3 years ago
1. What are chain restaurants?
Brilliant_brown [7]

1. Chain restaurants are restaurants that operate as a group. Typically, the concept, design,menu,and name of the restaurant will be the same at all of the restaurants within the group.

2. Celebrity restaurants are owned by notable public figures. Some of these  estaurants are owned by chefs such as Wolfgang Puck and Gordon Ramsay, but others are owned by celebrities from areas other than culinary arts.

3. Managed services are catering or food service providers who operate in sites other than restaurants.

4. Forecasting involves estimating the restaurant's profits and expenses for a specific period of time. First, forecasting allows the restaurant to assess their viability for that period of time. Second, forecasting allows a restaurant to estimate the amount of food and other supplies that it will need to have on hand at particular times. Finally, forecastasting lets a restaurant know the number of staff that it will need to have to serve guests and handle restaurant operations.

5. Fine dining restaurants are usually characterized as those serving cooked to order dishes that are made from scratch with fresh ingredients. We typically think of fine dining restaurants as serving elegant food prepared by chefs with a great deal of expertise and training which is the opposite of most lower class restaurants.

Critical Thinking:

1. Managed services are usually given to people to go or catered to a location whereas a restaurant has one location where people sit to eat one meal. Managed services cook their food in mass portions for large groups of people but restaurants cook meals to  order.

2. Menus are important to restaurants because they give a general appeal to the guests and also they include the base information for the products that they're selling. If a restaurant doesn't have a detailed, accurate, appealing menu then they probably wouldn't sell products as efficiently.

3. You need a clean working space,correct utensils and supplies, educated and hardworking employees,and fresh product.

4. If your kitchen design is all whack, your product will not come out in a timely sequence and everything will be backed up. The products then come out low quality and the guests are not satisfied. With a good design, everything will run smoothly and each dish will have an equal amount of time spent on them. The quality will be better therefor creating a  happy guest.

5. The back of the house doesn't communicate with guests while the front of the house is always communicating with guests on a regular basis. The back of the house puts the food together while the front of the house doesn't usually worry about the food at all.  There are also more employees in the front of the house than there is for the back of the house.

4 0
3 years ago
A department adds raw materials to a Process at the beginning of the process and incurs conversion costs uniformly throughout th
Natasha_Volkova [10]

Answer: c. 78,000 equivalent units.

Explanation:

Equivalent units for conversion is calculated as:

= Units completed and transferred out + Equivalent ending work in process

Units completed and transferred out:

= Units started into production - Ending units

= 90,000 - 20,000

= 70,000 units

Equivalent ending work in process = 40% * 20,000 work in process units

= 8,000 units

Equivalent units for conversion = 70,000 + 8,000

= 78,000 units

7 0
3 years ago
An industry is composed of 10 firms, all with equal sales. the four-firm concentration ratio in this industry is
Klio2033 [76]
The four-firm ratio is the concentration ratio between the total sales accumulated by the four largest industrial firms to the total sales of all firms present in an industry. This translates to the mathematical expression of 

           four-firm ratio = (total sales of four largest firms / total sales)

Since, we are given that all 10 firms have the same sales, we let the sales be equal to x.

    total sales of four largest firms = 4x
    total sales  = 10x

The ratio is then,
 
                   four-firm ratio = 4/10

Converting this to percentage will yield us an answer of 40%. 
8 0
3 years ago
On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin
borishaifa [10]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

 patent of Grand heaven

<u>      debit           credit        </u>

  36,000 recognize at purchase

                        4,000 december 31th amortization

  32,000 balance.

5 0
3 years ago
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